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KITTW

Nauticus Robotics, Inc.

KITTW

Nauticus Robotics, Inc. • NASDAQ
$0.03 ▼ -8.06% (-0.00)
Market Cap $14.98 M
52w High $0.05
52w Low $0.03
Dividend Yield 0%
P/E 0
Volume 13.50K
Outstanding Shares 525.64M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.977M ▼ $3.588M ▼ $-6.64M ▲ -335.895% ▲ $-2.6 ▼ $-5.308M ▲
Q2-2025 $2.076M ▲ $4.943M ▲ $-7.454M ▲ -359.139% ▲ $-2.31 ▲ $-5.67M ▲
Q1-2025 $165.256K ▼ $4.79M ▲ $-7.567M ▲ -4.579K% ▲ $-2.48 ▲ $-5.972M ▲
Q4-2024 $471.223K ▲ $4.766M ▲ $-118.59M ▼ -25.166K% ▼ $-194.31 ▼ $-125M ▼
Q3-2024 $370.187K $3.292M $-11.357M -3.068K% $-38.16 $-6.799M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.492M ▲ $42.813M ▲ $46.936M ▼ $-4.123M ▲
Q2-2025 $2.663M ▼ $41.881M ▼ $47.557M ▲ $-5.675M ▼
Q1-2025 $10.054M ▲ $48.481M ▲ $46.96M ▲ $1.522M ▲
Q4-2024 $1.186M ▼ $22.685M ▼ $43.083M ▼ $-20.397M ▲
Q3-2024 $2.916M $24.988M $61.494M $-36.506M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-6.64M ▲ $-4.937M ▲ $-1.119K ▼ $7.768M ▲ $2.829M ▲ $-4.939M ▲
Q2-2025 $-7.454M ▲ $-7.357M ▼ $250 ▲ $-34.581K ▼ $-7.391M ▼ $-7.356M ▼
Q1-2025 $-7.567M ▲ $-6.65M ▼ $-3.92M ▼ $19.438M ▲ $8.868M ▲ $-6.698M ▼
Q4-2024 $-118.59M ▼ $-4.073M ▲ $208.676K ▲ $2.15M ▲ $-1.73M ▲ $-4.108M ▲
Q3-2024 $-11.357M $-5.077M $-102.974K $0 $-5.207M $-5.192M

Five-Year Company Overview

Income Statement

Income Statement Nauticus is still essentially a pre‑revenue company: its sales are very small while expenses are sizable. The result is recurring losses at every level, from operating profit through to net income, and those losses have generally grown rather than shrunk in the most recent year. The cost of developing and commercializing its technology is clearly running far ahead of what the business is currently bringing in, which is typical of an early‑stage deep‑tech company but also means there is little margin for execution missteps. Profitability is not yet in sight based on the historical trend alone.

Balance Sheet

Balance Sheet The balance sheet looks thin and stressed. Total assets are small, cash on hand has recently been very limited, and debt now stands above the company’s equity value, which has turned negative. Negative equity usually signals that past losses have eaten through the capital base, leaving the company heavily reliant on its lenders and on raising new external capital. This structure increases financial risk and makes the business more sensitive to any delays in reaching commercial scale or to tighter funding conditions.

Cash Flow

Cash Flow Cash flow from the core business has been consistently negative, and free cash flow has also been firmly in the red. In plain terms, the company is consuming cash, not generating it, and has done so for several years. Capital spending has been modest but still adds to the outflow. This pattern means the company must regularly seek new funding—through debt, equity, or facilities like the cited equity line—to keep operations and development moving. The key question going forward is whether and when future revenues can begin to cover this ongoing cash burn.

Competitive Edge

Competitive Edge On the strategic side, Nauticus is aiming at a promising niche: autonomous, electric subsea robotics that can replace large crewed vessels and traditional tethered systems. Its combination of surface and underwater vehicles, advanced manipulator arms, and AI control software could offer meaningful cost, safety, and environmental advantages over legacy approaches. The ability to retrofit its autonomy software onto third‑party vehicles is another lever that may broaden its reach. Against this, the company is still small and early, operating in markets where large, well‑funded energy‑services and defense players already have relationships, scale, and installed fleets. Its competitive position therefore rests on proving that its technology works reliably in the field and can deliver the promised savings at scale, all while managing regulatory, environmental, and geopolitical issues around areas like deep‑sea mining.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of the Nauticus story. The company is building an integrated platform: autonomous surface and subsea robots, a sophisticated AI and machine‑learning software stack, and advanced electric manipulators. This is a systems approach rather than a single gadget, which can be a strong differentiator if executed well. The move into deep‑sea mineral exploration and the plan to scale a global fleet show a willingness to pursue large, long‑term opportunities. Partnerships, acquisitions like SeaTrepid, and a robotics‑as‑a‑service model all point to an R&D strategy focused on both technology and commercialization. The flip side is that this level of innovation is capital‑intensive and uncertain: technical, regulatory, and adoption risks are all significant, and success depends on turning cutting‑edge prototypes into dependable, revenue‑producing services.

Summary

Overall, Nauticus (and by extension the KITTW warrants) represents an early‑stage, high‑innovation business with a weak current financial profile. The company has minimal revenue, sizable and growing losses, a strained balance sheet with negative equity, and ongoing cash burn that requires steady access to external funding. At the same time, it is targeting a potentially important shift in subsea operations with a differentiated, AI‑driven robotics platform and several possible end markets—from offshore energy and defense to future deep‑sea mining and digital inspection services. The story is therefore a trade‑off between technological promise and financial and execution risk. Future results will hinge on the company’s ability to convert its technology into stable, recurring revenue streams quickly enough to strengthen its finances and justify the heavy investment it is making today.